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Greenway – Article: Income Taxes and the Cannabis Business: The Impact of §280E

Cannabis Law Report

1981-623) that had allowed deductions incurred in carrying on the production, distribution, and sale of controlled substances. 173 (2007)). The production or sale of marijuana is still illegal under U.S. and some of the indirect costs associated with maintaining inventory and storing the cannabis products.

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Just desserts: The Cookies and Cakes family genealogy

SpeedWeed

Easy: the Cookies strain of cannabis transcends mere genetics—it’s a lifestyle. On November 4, cannabis brand Cookies’ new Apples and Bananas release drew several hundred young, heavy-THC smokers to Berners on Haight in San Francisco. The Cookies story spans the recent histories of cannabis, weed law reform, San Francisco, and hip-hop.

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Could Industrial Hemp Lessen the Burden of I.R.C. Section 280E for Colorado’s Cannabis Retailers?

Greenspoon Marder Cannabis Law Group Blog

By Rachel K Gillette , Partner and Chair of the Cannabis Practice Group, Greenspoon Marder. Beginning January 1, 2020, Colorado’s adult-use cannabis retailers may sell Industrial Hemp products. Thus, for MMCs, sales of industrial hemp and hemp CBD products were not a significant portion of their overall sales.

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Update: Patrick Horsman “Integrated CBD” and alleged fraud, plaintiffs say they are owed over $US1 million

Cannabis Law Report

Octopus identifies, structures, provides seed capital, and builds alternative asset management business. But first, you may be thinking, Patrick Horsman, who on earth is he and who are integrated CBD? We’re sure Horsman would be very happy if you’d forgotten him. as it isn’t our job to make him happy let us remind you.

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Taxation Of A Medical Marijuana Business – How Will The Ninth Circuit Hold?

Cannabis Law Report

With that, the stage is set for another episode of “Cannabis v. Under Federal law, cannabis is a “Schedule I” controlled substance; thus, the manufacture, distribution, dispensation, or possession of marijuana – even medical marijuana recommended by a physician – is prohibited as a matter of Federal law. the Code.”. Deductions.

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California: Which Set of Books?

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. The new reality is that a California cannabis business needs to maintain FOUR sets of books in order to comply with the requirements of the agencies that regulate California’s cannabis industry. If you wish to republish this story please do so with following accreditation. AUTHOR: JORDAN ZOOT.